125,693 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, HoldingsChannel reports. The fund purchased 125,693 shares of the semiconductor company’s stock, valued at approximately $23,569,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TXN. Brookstone Capital Management increased its position in shares of Texas Instruments by 0.4% during the third quarter. Brookstone Capital Management now owns 17,569 shares of the semiconductor company’s stock valued at $3,629,000 after purchasing an additional 67 shares during the period. CWM LLC boosted its stake in Texas Instruments by 2.2% during the third quarter. CWM LLC now owns 72,450 shares of the semiconductor company’s stock worth $14,966,000 after buying an additional 1,541 shares in the last quarter. Wedmont Private Capital increased its holdings in Texas Instruments by 12.6% in the 3rd quarter. Wedmont Private Capital now owns 6,101 shares of the semiconductor company’s stock valued at $1,228,000 after buying an additional 685 shares during the period. Perpetual Ltd acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $791,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Texas Instruments by 6.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,472 shares of the semiconductor company’s stock worth $717,000 after acquiring an additional 210 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Down 1.8 %

Shares of NASDAQ:TXN opened at $180.00 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market cap of $164.20 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.94 and a beta of 0.97. The company has a 50 day moving average of $190.17 and a 200-day moving average of $198.22. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the firm posted $1.49 earnings per share. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Morgan Stanley raised their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Susquehanna lowered their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Robert W. Baird cut their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Transactions at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.